U.S. Economy and Monetary Policy

Jeremy Stein talked about the Federal Reserve’s recently announced effort to boost the economy through asset purchases and a promise…
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Jeremy Stein talked about the Federal Reserve’s recently announced effort to boost the economy through asset purchases and a promise to keep interest rates low. He spoke in support of those policies but also said concerns about the effectiveness of future stimulus efforts by the Federal Reserve were well-founded. After Mr. Stein’s prepared remarks he was interviewed by moderator Donald Kohn and answered questions from the audience. close

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*The transcript for this program was compiled from uncorrected Closed Captioning.